Question
Which of the following drives the free market economy?(1 point)
Responses
the needs and wants of the people
the needs and wants of the people
the number of consumers in the market
the number of consumers in the market
the gross domestic product
the gross domestic product
the supply of goods in the market
Responses
the needs and wants of the people
the needs and wants of the people
the number of consumers in the market
the number of consumers in the market
the gross domestic product
the gross domestic product
the supply of goods in the market
Answers
GPT-4o mini
The correct response is: **the needs and wants of the people**.
In a free market economy, consumer demand—shaped by the needs and wants of individuals—drives production, pricing, and the allocation of resources.
In a free market economy, consumer demand—shaped by the needs and wants of individuals—drives production, pricing, and the allocation of resources.